Jack Welch Says American Energy Will Be Bigger Than The Internet

Former GE CEO Jack Welch went on CNBC's morning
Squawk Box show for the first time today since his controversial
tweet about the BLS manipulating labor statistics last month.

Welch commented on his incredibly stable earnings record at GE.
"If I'm telling you a number 30 days before – I'm giving guidance
– and I miss it, I ought to put a gun to my head!"

"Why would you miss estimates?"

Talking about shale gas, Welch said:

We have a chance in this country to make this the American
century. This gas thing is huge. The gas and oil that we have
found is in the first inning. It's like the internet in 1990.
We're in the first inning of a great American century. Unless we
get whacked [by regulation].